Morning journal and courier. [volume] (New Haven [Conn.]) 1848-1894, 1887-06-21
BANKERS I'M COUNCIL.

AAAs M 1AsS NV W. oNOAAs =
Interesting Topics to Come Up Before
the Meeting of the American Asso.
citation.
Boston, June 20.-Dr. George Marsland
of New York, secretary of the American
Bankers' association, has been in conference
here to-day with the officers of the associa-
ton and the leading bankers of Boston in re-
gard to the annual convention of the associa-
ton to be held in Pittsburg on October IL
and ID. The membership of Massachusetts,
and other New England States has been very
much augmented since the successful meet
ing in Boston last year. One of the papers
to be presented will give some important his
torica1 details Of the efforts made by Bos-
ton bank at critical periods during the war
to sustain the credit of the government and
particularly in August, 1861, when in cen
delphia and New York foreign Intervention
was STAYED off by the timely loan of $780,
000, 900, which sustained the public credit,
opened to the treasury the money markets of
Europe, inspired popular confidence in the
stability of the government and rendered
possible that vigorous administration of the
finances which provided means for the sue
cess of the war, the preservation of the I'm
ion and the early return of peace
and prosperity. This document will
be authentic and will contain contri-
buttons from bankers in Boston and elsewhere
who were participants in the important
events narrated. The old Suffolk bank sys-
tenn will also be reviewed in connection
with certain proposed reforms in present
banking methods. Among the topics sug-
gested to-day for papers were ''The Proven
tion of Spasms in the Money Market" ssThe
Dangers of Financial Panics;"'fThe Advanta-
ges Secured to the Industrial Growth of the
Country from the Rapid Multiplication of
New Banks, from the Elasticity and Strength
Given to Our Financial Mechanism by the
Ample Reserves of the Banks, the Publicity
of Frequent Examinations by Skilled Ex-
perts and the Safeg yards Afforded by the
General Supervision of the National Banks
by the Comptroller at Washington" The
silver question in its more recent
developments and the numerous plans
suggested for providing some adequate basis
of bank circulation to take the place of the
governments redeemed, the prevention of
losses to banks by frauds, forgeries, defalca-
ton and other fduciary malfeasanee were
among the miscellaneous topics included in
the programme which will be reported to the
COuACll WHICH, COAD10ICO. u ldIk6
number of bankers in various parts of the
country are preparing reports and papers for
the association and it was announced that
the headquarters of the convention would be
established October II at the Monographs
House, Pittsburg.
Among the excursions which will imme-
diately follow the business of the convention
is one to the oil regions and another to
White Sulphur Springs. The secretary an-
nounced that from the large correspondence
already reported very large attendance of
bankers and bank officers was anticipated
from the West, South and especially from
New England.
A student Kills Himself.
BOSTON, June 20.-Martin L. Bradford, jr.,
son of well known Washington street cut
Ter, and aged wenty-four, shot himself dead
in his room this afternoon He was medi-
cal student in good standing and there is no
known reason for the act.
The Monument to John Mccullough.
NEWPORT, r. l., June 20.-The committee
having in charge the execution of a monu-
ment TO the late eminent tragadian John
consisting of Captain William
W. Conner, proprietor of the st. James
Hotel, New York, and former manager for
and William F. johnson, a
prominent lawyer. of Philadelphia and life
long friend of the actor, visited Newport to-
day. The principal feature of the monu
ment is bust of Mccullough in the charae-
ter of Virginius to be executed by w. Clark
Noble, ..the young sculptor of this city. The
object of the committees visit was to pass
Judgment upon this work before it should be
placed in the hands of the Henry Bernard
Bronze company of New York for casting.
Both gentlemen expressed themselves as
highly pleased with the work of Mr.. Noble.
The sculptor had no mask of Mccullough to
guide him and no intimacy with him, but
had to rely on photography and his own
genius, and in view Of these circumstances
The committee consider the production phe-
nomenal. The monument is to be erected
over the remains of Mccullough in Mount
Moriah cemetery Philadelphia.
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